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Showing 111 - 120 of 176 results for "Defined contribution"

UK pension funds required to warn consumers

STAFF WRITER  |  WEDNESDAY, 28 JAN 2015
... providers to outline government plans to introduce additional protection for retirees wishing to access their defined contribution pension pot from April this year. The policy shift to allow retirees to access their retirement savings this way was outlined ...

Financial System Inquiry recommendations wrap

STAFF WRITER  |  SUNDAY, 7 DEC 2014
... bonds. Superannuation member engagement: Publish retirement income projections on member statements from defined contribution superannuation schemes using Australian Securities and Investments Commission (ASIC) regulatory guidance. Facilitate access ...

Law firm rubbishes Grattan fee report

MARK SMITH  |  MONDAY, 18 AUG 2014
... misleading as it doesn't compare apples with apples," he told Financial Standard. "If you compare all the defined contribution systems in the OECD then the cost of Australia's system is much more in line, despite the fact that our allocation to equities ...

Jeremy Cooper: Rethinking retirement

JAMES FERNYHOUGH  |  THURSDAY, 29 MAY 2014
... savings and give them to you at the end. Now we're trying to convert that into a retirement system. Most defined contribution (DC) countries - the US, us, the UK - are struggling with this back end. It's not a fatal problem but it's a serious problem. ...

RBA questions super fund infra investment

ALICE URIBE  |  THURSDAY, 3 APR 2014
... in many other Organisation for Economic Co-operation and Development (OECD) countries, partly due to the defined contribution (DC) nature of Australia's superannuation system. "While part of this is likely to flow through to relatively high fees, disengagement ...

US retirement assets reach US$23tr

ALEX DUNNIN  |  WEDNESDAY, 2 APR 2014
... financial assets. The ICI noted that assets in individual retirement accounts (IRAs) totaled US$6.5 trillion, defined contribution (DC) plans accounted for US$5.9 trillion, government pension plans- including federal, state, and local government plans ...

British govt to introduce pension choice

ALEX DUNNIN  |  FRIDAY, 21 MAR 2014
... and restricts people's choices." "The current system effectively forces the majority of individuals with defined contribution savings to buy an annuity. But times have changed, and a new solution is needed," notes the consultation entitled 'Freedom and ...

Australia's pension pool fastest growing in the world

JAMES FERNYHOUGH  |  THURSDAY, 6 FEB 2014
... pool of pension assets in the world, behind the US, the UK and Japan. In terms of defined benefit (DB) to defined contribution (DC) ratio, Australia's system was the most weighted towards DC, with just 16% of assets in DB. Globally the trend away from ...

Lifecycle the future of pensions globally: Mercer

JAMES FERNYHOUGH  |  FRIDAY, 24 JAN 2014
... lifecycle," he told Financial Standard. "I think the future of superannuation in Australia, and probably defined contribution globally, is lifecycle. I would venture to say that an age-based lifecycle solution like we've seen in Australia so far with ...

Should super have its own regulator?

JAMES FERNYHOUGH  |  MONDAY, 18 NOV 2013
... planned by the government. "If you had the time, you might look at the regulators, and you might think, does defined contribution super actually live inside the prudential regulator at all? Would you in fact move super out of both ASIC and APRA and create ...